Bangkok is a popular tourist destination because of several reasons. The climate is favorable throughout the year, the food is amazing and accommodations are affordable. From Bangkok, you can easily drive to the beach or national park and enjoy a totally different environment. Bangkok has also become interesting to investors because the prices of condo units are more affordable compared to other Asian cities like Hong Kong, Tokyo and Singapore.
Why Bangkok condos are lucrative investments
Thailand has restrictive laws when it comes to foreign ownership of real estate that is why most non-Thais prefer to invest in condos. It is legally allowed for foreigners to invest in a condo unit as long as it does not exceed more than 49% of the available units in the building. With the help of professionals in Bangkok real estate, you will be able to find a condo where you will gain maximum comfort and profitability.
Bangkok is a city that is full of life. There is always something new for a non-Thai to experience as he explores the city. Living in Bangkok can be cheaper in terms of food, entertainment and accommodation. The rapid development of Bangkok has encouraged many developers to construct condos and apartment buildings that are suitable for every budget. If you invest in a condo unit, you have the option to live in it or rent it out to enjoy a monthly paycheck.
Traffic is a consequence of living in Bangkok but all developed cities experience the same inconvenience. It is not actually a challenge to travel around the city because there are many options to avoid traffic. Amidst the steel and glass structures of business offices and shopping malls, you will find Buddhist temples where you will experience the true culture of the Thais. The Thais are warm and welcoming with a ready smile for visitors.
If you are searching for condo for sale Bangkok, it makes sense to work with a reliable real estate agent who knows where the best condo projects are located. While it is not mandatory to have a lawyer during the transaction, it is highly recommended for your own protection.